DGCX's new trading platform goes live

First Published 12th March 2013

Veronica Augustsson, CEO, Cinnober

"We are proud that our strategic collaboration will support DGCX's leadership role in developing and shaping the regional derivatives market."

Dubai Gold & Commodities Exchange (DGCX) has announced that
its new trading platform, the EOS Trader Platform, has gone live.
The activation of the EOS Trader Platform marks the completion of
DGCX's new technology infrastructure.

In 2012, the Exchange partnered with Cinnober to develop a
technology platform designed to support DGCX Members' trading
requirements.

The new technology enables the Exchange to offer contracts in
multiple currencies including UAE dirhams - making it possible
for users to provide quotes in multiple currencies. DGCX will
also be able to offer 24-hour market support on the new platform.

Gary Anderson, CEO of Dubai Gold & Commodities Exchange said:
"We are delighted to have completed the implementation of our new
technology infrastructure. The feedback we have received from our
Members and the wider trading community has been very
encouraging. The new trading technology provides cost effective
services and enables Members to place, cancel and modify all
their orders quickly, substantially enhancing overall efficiency
and reducing risks. DGCX has ambitious growth plans and we are
confident that the new platform will support the expected volume
growth and the launch of new and innovative products on the
Exchange."

The core trading and clearing applications of DGCX's new
technology infrastructure are built on Cinnober's TRADExpress
platform.

Commenting on the successful
implementation of the project, Veronica Augustsson, CEO of
Cinnober, said: "The new customized exchange platform, including
trading, clearing and surveillance, will provide DGCX Members
with a cutting-edge trading interface and state-of-the-art
functionalities, and most importantly will enable them to monitor
risk in real time. We are proud that our strategic collaboration
will support DGCX's leadership role in developing and shaping the
regional derivatives market."